Wealth & Money Quote by Mark Carney

Net zero isn’t framed here as an environmental aspiration; it’s framed as a regime change for capitalism. Carney’s line works because it refuses the comforting fiction that decarbonization is a niche project for energy companies or a branding exercise for consumer goods. By marching through “every company, every bank, every insurer, and every investor,” he names the real governing infrastructure of modern life: finance. The repetition is a rhetorical squeeze play. If everyone is implicated, no one gets to hide behind “we’re not a polluter.”

The intent is both mobilizing and disciplinary. Carney is signaling to corporate leaders that climate policy will not remain a set of voluntary pledges; it will harden into risk pricing, capital requirements, underwriting decisions, and fiduciary expectations. “Adjust their business models” is deliberately bloodless language for something invasive: stranded assets, higher costs of capital for carbon-heavy operations, new disclosure burdens, and a reallocation of investment toward low-carbon technologies.

The subtext is that markets won’t lead this transition out of moral awakening. They’ll do it when incentives, regulations, and risk frameworks make the old model untenable. Coming from a former central banker turned climate-finance power broker, the context matters: this is the worldview of post-2008 technocracy applied to climate. Not protest politics, but plumbing politics: changing what gets financed, insured, and valued until net zero becomes less a slogan than a balance-sheet constraint.